Friday, January 27, 2012

You know the story: Marc Rich & Co AG>Glencore with the diversions of the tax charges for trading with Iran and the spinout set-up of Trafigura (25% return on capital, $77Bil. revs trading oil & metals).

From the New York Post:Denise Rich selling NY's most expensive co-op for $65 million

It’s the city’s most expensive co-op apartment — and it can be all yours for a cool $65 million.
Songwriter
Denise Rich — ex-wife of presidential-pardon recipient Marc Rich — is
putting her Fifth Avenue penthouse on the selling block.

With such a staggering price tag, a buyer can expect a bit more than the basic luxury amenities.
The
digs are so expansive that Rich — who penned the lyrics to such hits as
the Aretha Franklin-Mary J. Blige duet, “Don’t Waste Your Time,” and
Mandy Moore’s “Candy” — once converted one of her three terraces into a
professional-grade figure-skating rink for a blowout party.

The other two outdoor spaces are a rooftop terrace that can hold up to 200 people and a separate wraparound terrace.

Stevie
Wonder has tickled the ivories of her baby grand piano, which takes up
only a fraction of the living room, and Celine Dion has sung in the
apartment’s personal recording studio.

The 12,000-square-foot
duplex, right on the corner of East 60th Street, was designed by Emery
Roth and boasts seven bedrooms, 11 baths and three kitchens.

There’s
also a grand salon, a formal dining room seating 22, a media room, a
billiards room, a full gym and a library with a fireplace.